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NASDAQ:ABTS

Abits Group (ABTS) Stock Price, News & Analysis

Abits Group logo
$0.55
+0.01 (+1.85%)
(As of 11/1/2024 ET)

About Abits Group Stock (NASDAQ:ABTS)

Key Stats

Today's Range
$0.52
$0.58
50-Day Range
$0.40
$0.58
52-Week Range
$0.38
$1.60
Volume
23,123 shs
Average Volume
115,907 shs
Market Capitalization
$19.56 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.

Abits Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
1st Percentile Overall Score

ABTS MarketRank™: 

Abits Group scored higher than 1% of companies evaluated by MarketBeat, and ranked 339th out of 342 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Book Value per Share Ratio

    Abits Group has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.89% of the float of Abits Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Abits Group has a short interest ratio ("days to cover") of 8.3.
  • Change versus previous month

    Short interest in Abits Group has recently increased by 6.11%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Abits Group does not currently pay a dividend.

  • Dividend Growth

    Abits Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.89% of the float of Abits Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Abits Group has a short interest ratio ("days to cover") of 8.3.
  • Change versus previous month

    Short interest in Abits Group has recently increased by 6.11%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Abits Group has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Abits Group this week, compared to 0 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Abits Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.73% of the stock of Abits Group is held by insiders.

  • Percentage Held by Institutions

    Only 0.20% of the stock of Abits Group is held by institutions.

  • Read more about Abits Group's insider trading history.
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ABTS Stock News Headlines

Abits Group Inc. (NASDAQ:ABTS) Short Interest Update
Crypto Crash Ahead? (27 Experts Weigh In)
Your Portfolio Could Be at RISK Emergency summit reveals crypto could save you!
Abits Group reports Q3 revenue $1.26M
Abits Group deploys 500 S19XP mining machines at Tennessee site
See More Headlines

ABTS Stock Analysis - Frequently Asked Questions

Abits Group's stock was trading at $1.1401 at the beginning of 2024. Since then, ABTS shares have decreased by 51.8% and is now trading at $0.55.
View the best growth stocks for 2024 here
.

Shares of ABTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Abits Group investors own include SoFi Technologies (SOFI), ChargePoint (CHPT), Lithium Americas (LAC), Alamos Gold (AGI), Argo Blockchain (ARBK), bluebird bio (BLUE) and Clover Health Investments (CLOV).

Company Calendar

Today
11/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Computer Software
Current Symbol
NASDAQ:ABTS
Previous Symbol
NASDAQ:ABTS
Fax
N/A
Employees
11
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.68 million
Book Value
$0.32 per share

Miscellaneous

Free Float
33,162,000
Market Cap
$19.56 million
Optionable
Optionable
Beta
2.70
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This page (NASDAQ:ABTS) was last updated on 11/2/2024 by MarketBeat.com Staff
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